Kusumgar IPO GMP Today, Price Band, Subscription, Review & Allotment

Kusumgar Limited opens its Rs 650 crore mainboard IPO on July 8, 2026. The company manufactures specialized technical textiles and engineered fabrics for the defense and aerospace sectors. The grey market is currently pricing in a listing gain of over 40%, but the latest financials show a revenue and profit dip that investors should look at carefully before applying.

Here is everything you need to know before the subscription window opens.

📋 Table of Contents

Kusumgar IPO Details

The Kusumgar IPO will open for subscription on July 8, 2026. Below are the important IPO details, including the price band, issue size, lot size, registrar, and listing information.

Important: The Kusumgar IPO is a 100% Offer for Sale (OFS). The company will not receive any money from the IPO, and all proceeds will go to the existing selling shareholders.

Kusumgar IPO GMP Today

The Kusumgar IPO GMP Today is ₹168. Based on the upper price band of ₹419, the estimated listing price is around ₹587, indicating a possible listing gain of around 40.10%.

• Current GMP: ₹168
• Estimated Listing Price: ₹587
• Estimated Listing Gain: 40.10%

Last Updated: July 7, 2026

The Kusumgar IPO Grey Market Premium (GMP) has remained strong over the last few days, showing positive demand in the unofficial market. However, GMP changes daily and should only be used as an indicator. It does not guarantee the listing price.

Kusumgar IPO GMP Trend

For the latest Kusumgar IPO GMP Today and live IPO GMP updates, visit the IPOwiz Live IPO GMP Tracker.

Kusumgar IPO Important Dates

Below are the important dates for the Kusumgar IPO, including the IPO opening date, allotment date, refund date, listing date, and demat credit date.

Kusumgar IPO Lot Size and Investment Amount

About Kusumgar Limited

Kusumgar Limited was established in 1990 and manufactures woven, coated, and laminated technical fabrics. The company serves industries such as defense, aerospace, industrial, automotive, and outdoor applications.

Kusumgar operates six manufacturing plants in Gujarat and one fabrication unit in Uttar Pradesh. It has more than 2,000 employees and manufactures over 1,000 specialized textile products.

Revenue Breakdown by Segment (FY25)

Defense and aerospace portfolios together account for over 76% of total revenue. This gives the company a strong niche position but also creates sector concentration risk patterns.

Kusumgar IPO Financials

Before applying for the Kusumgar IPO, it is important to look at the company's financial performance. While the company remains profitable, both revenue and profit declined in FY26 compared to FY25.

The company's revenue declined by around 10% in FY26, while net profit fell by around 12%. Despite this, the EBITDA remained almost unchanged, showing that the company maintained healthy operating margins.

Key Financial Ratios

• ROE: 25.82%
• ROCE: 24.76%
• Debt-to-Equity: 0.44x
• Total Debt: ₹223.58 crore
• Net Worth: ₹502.95 crore
• EPS: ₹9.68

The Kusumgar IPO financials show strong return ratios and manageable debt levels. However, since this is a 100% Offer for Sale (OFS), the company will not receive any money from the IPO to reduce its debt or fund future expansion.

Kusumgar IPO Valuation vs Peers

The Kusumgar IPO valuation is based on a price band of ₹398–₹419. At the upper price band, the IPO is valued at a P/E of 44.80x.

The Kusumgar IPO P/E ratio is slightly higher than most listed peers. However, the company also has a much higher ROE of 25.82%, which supports its premium valuation. Investors should compare the valuation with the company's future growth potential before applying.

Kusumgar IPO Strengths and Risks

💪 Strengths

• Strong presence in the defense and aerospace textile industry.
• Healthy EBITDA margin of 27.15%.
• High ROE of 25.82%, better than many listed peers.
• Low Debt-to-Equity ratio of 0.44x.
• More than 1,000 specialized textile products.
• Long-term relationships with defense sector customers.

⚠️ Risks

• The IPO is a 100% Offer for Sale (OFS), so the company will not receive fresh funds.
• Revenue and profit declined in FY26.
• The business depends heavily on defense sector orders.
• The IPO is priced at a higher valuation than many listed peers.
• Defense spending and government orders can fluctuate.
• The company's debt will remain unchanged after the IPO.

Should You Apply for Kusumgar IPO?

Our View: I am Applying

The Kusumgar IPO is backed by a strong business in the defense and technical textile sector. The company has healthy margins, strong return ratios, and good long-term growth opportunities.

However, investors should also consider that revenue and profit declined in the latest financial year. In addition, the IPO is a 100% Offer for Sale (OFS), so the company will not receive any fresh capital from the issue.

The current Kusumgar IPO GMP indicates positive listing sentiment, but GMP is not guaranteed. Long-term investors should focus on the company's financial performance, valuation, and future growth before making an investment decision.

How to Check Kusumgar IPO Allotment Status

The Kusumgar IPO allotment status is expected to be available on July 13, 2026. Investors can check their allotment through the official registrar, stock exchanges, or the IPOwiz App.

Kusumgar IPO Subscription Status

The Kusumgar IPO subscription status will be updated live once the IPO opens on July 8, 2026. This page will show category-wise subscription for QIB, NII, and Retail investors throughout the bidding period.

Strong subscription from institutional and retail investors is generally seen as a positive sign. Investors should also track the Kusumgar IPO GMP along with the subscription numbers before making an investment decision.

For live Kusumgar IPO subscription updates, GMP, and allotment alerts, follow the IPOwiz Telegram channel.

Kusumgar IPO FAQs